Have you heard of the story of "waking up bankrupt"? A man made a lot of money during the bull market in the cryptocurrency circle. He watched the market every day, fearing that he would miss the increase. Finally, one day, he couldn't bear it anymore and decided to take a nap. He thought, what big deal could happen if he just took a short break? As a result, when he woke up, the market plummeted and his account shrank by half. Suddenly, he was sober and wanted to never sleep again.
In fact, many people hope that they can stay awake and keep a close eye on the market. But no matter how hard you try, the market will not favor you more because you sleep a few hours less. Investing is more of an endurance race, not a desperate rush.
A good market does not mean that it is always the best time for you to get on the bus. The cryptocurrency circle is sometimes like a marathon, not a sprint. Timing is very important. "Three steps faster, you will go bankrupt. One step faster, you will make a lot of money." The market is delayed, and emotions are also lagging, so timing is important and luck is important.
I believe most people have experienced it. When I first entered the market, I was always eager to chase the highs when I saw the market rising, but what I caught was the downhill of the peak. I wanted to buy at the bottom, but in the end I bought halfway up the mountain. I could still buy at half after half, and my operation was distorted.
Later I realized that the real masters are those who can calmly control the rhythm. They are not blindly following the trend, but they will stay sober when the market is frenzy and find reasonable entry points when it fluctuates.
My advice is: timing is important, but mentality is more critical. When the market is hot, stay rational and don't be overwhelmed by FOMO. Set your own goals and bottom line, find a rhythm that suits you, instead of blindly chasing the market craze.
Remember, investment is a long-distance race. It is important to grasp the trend, but you can go further in this game only if you don't lose your rhythm and judgment.
